Located in the space formerly known as the Gansevoort South and The Perry, 1 Hotel & Residences has been taken over by Starwood Capital's Barry Sternlicht along with Richard LeFrak of the LeFrak Organization and Invesco. The team has infused over $150 million in renovations to bring the place up to par for hotel/condo-dom and expects to reveal all sometime in May of 2014.

Colicchio currently has restaurants in NYC, Bridgehampton (NY), Las Vegas, Los Angeles and Foxwoods (CT).With his latest projects consisting of Heritage Steak in Las Vegas (his second in Sin City) and the uber swanky Topping Rose House in Bridgehampton (the only 5-star hotel in the Hamptons and Colicchio’s first hotel management project), Colicchio has finally decided to expand his empire down south to Miami.

It's expected that Colicchio will tap Landy Labadie, Director of Hotel Food & Beverage Operations for the Topping Rose House to spearhead the Miami launch, restaurant and day-to-day F&B operations at 1 Hotel & Residences.Labadie is no stranger to the Miami restaurant scene, having launched, revamped and reprogrammed hotel F&B projects at places such as Grove Isle, The Tides, and Hotel Victor among others.

Tim Nardi, previously of the Morgans Hotel Group, will head up the project for Starwood Capital as Managing Director.

On another note, STK will move locations but remain on property and separate from the Colicchio umbrella.